Sector-wise Classification of Placements

Some of our Prominent Recruiters


Why CMA Professionals are in Demand?

In this globalized world, organizations require professionals like Cost Accountants (CMAs) with specialized knowledge in business strategy, value creation, cost control, financial analysis, tax planning, and accounting. The Institute of Cost Management Accountants in India provides specialized education and training, making CMAs multi-faceted professionals who play a vital role in economic activities as value creators, enablers, preservers, and reporters.

CMAs managing their businesses find themselves as both Managers and Accountants, allowing them to control and flourish their businesses. The sustained demand for qualified cost accountants exists in various industrial segments, the banking sector, education sector, and government departments. Many CMAs are also engaged in providing professional and cost consultancy services and teaching cost and management accountancy.

Independent Practice for CMAs

Apart from employment, CMAs have a vast scope for independent practice. They can obtain a Practice Certificate from the Institute to set up their practice as proprietors, in partnerships with like-minded CMAs, or as new partners in existing firms. CMAs in practice serve private and public companies, large and small-scale undertakings, and various industrial, commercial, and service sectors.

For practicing Cost Accountants, the Institute issues suggested fee guidelines available on their website.

Where CMAs are in Demand?

CMAs are in demand in the government sector, private sector, banking and finance sector, developmental agencies, education, training and research sector, information technology sector, manufacturing and mining industries, construction industries, as well as in service and public utility sectors.

Profiles for CMAs in Corporates

  • Finance

  • Accounts

  • Costing

  • Research

  • Management

  • Consultancy

  • Business Development

  • Compliances & Many more

Designations for CMAs in Corporates

CMAs may hold top management positions such as Chairman cum Managing Directors, Managing Director, Finance Director, Financial Controller, Cost Controller, Marketing Manager, Chief Internal Auditor and other important positions.

Top Corporates Recruiting CMAs in India

  • Indian Oil Corporation

  • Tata Motors

  • Accenture

  • CEAT Ltd.

  • CAPITA India Pvt. Ltd.

  • Dupont

  • ICICI Bank

  • GAIL Limited

  • Invenio Solutions

  • NTPC

  • Coal India

  • Amazon

  • HPE

  • Larsen & Toubro

  • Wipro

  • Cyqurex

  • Deloitte

  • EY India

  • PwC

  • KPMG


Q1. What is the salary of a CMA in India with experience?

A1. The average yearly compensation for a CMA with 4 to 9 years of experience is 21.8 lakhs.

Q2. What are the top skills required by a CMA?

A2. The top skills required by a CMA in India are:

  • Knowledge of accounting fundamentals, GAAP, and tax fundamentals

  • Theoretical understanding and practical use of cost accounting

  • Excellent knowledge of financial concepts

  • Knowledge in topics like capital investment, operational structure, and core risk assessments

  • Soft skills like presentation, communication, writing, and interpersonal skills

3. Can CMA earn in crores?

A3. Yes, a CMA can earn in crores, Once they get the exprience or the chances increase when working in foreign countries like the USA, UK.

Q4. Can CMA get a job easily?

A4. Completing the CMA course doesn’t guarantee a job. It depends on the candidate’s knowledge, skills, and performance in exams.

Q5. What is the average CMA salary in India?

A5. The average annual pay for a CMA in India is approximately 8 to 10 Lakhs PA.

Q6. Is CMA better than CA?

A6. Considering future career scope, job demand, time & money investment. CMA is an excellent carrer option instead of CA.

Q7. Can CMA become CFO?

A7. Yes, a CMA can become CFO by completing the three levels of CFO exams, leveraging their good knowledge of finance.

Q8. Can CMA do a tax audit in India?

A8. No, according to section 288 of the IT Act, 1961, a CMA is not authorized to do tax audits.


Our Branches

Branch 1
Ahinsa Circle Branch

D 38A, Ahinsa Circle, Panch Batti, C Scheme, Ashok Nagar, Jaipur, Rajasthan 302001

Monday - Saturday
10am - 7pm

Contact us at -
9413094120, 9413360005

Branch 2
Janta Store Branch

Janta Store, Rajendra Marg, Near Saras Dairy, Bapu Nagar, Jaipur, Rajasthan 302015

Monday - Saturday
10am - 7pm

Contact us at -
9413094120, 9413360005

Follow us